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Progressive PGR Q1 2025 earnings

Reported April 16, 2025 · Before market open

Revenue$20.4BMiss by $1.1B
EPS$4.65Miss by $0.14
Revenue estimate$21.5B
EPS estimate$4.79

Next report

Oct 14, 2026 (in 2 months)
Revenue estimate$22.2B
EPS estimate$3.98

Financials

Q1 2025

Income statement

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Revenue$20.4B+18.4%
Net income$2.6B+10.1%
EPS (diluted)$4.37+10.9%

Balance sheet

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Cash & equivalents$195.0M+25.8%
Total debt$6.9B+0.1%
Total equity$29.0B+32.7%
Total assets$111.41B+18.4%

Cash flow

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Operating cash flow$5.1B+21.4%
CapEx$59.0M+18.0%
Free cash flow$5.1B+21.5%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$165.91B+37.0%
Enterprise value$172.61B+35.1%
P/E19×-1.9×
P/S2.1×+0.3×

Profitability

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Net margin11.1%+2.2pp
FCF margin20%+1.3pp

Returns & leverage

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Return on equity34.3%+4.4pp
Debt / equity0.2×-0.1×

FAQ

When did Progressive report Q1 2025 earnings?
Progressive (PGR) reported Q1 2025 earnings on April 16, 2025 before market open.
What were Progressive's Q1 2025 revenue and EPS?
Progressive reported revenue of $20.4B and eps of $4.65 for Q1 2025.
Did Progressive beat estimates in Q1 2025?
Revenue missed the consensus estimate of $21.5B by $1.1B. EPS missed the consensus estimate of $4.79 by $0.14.
How did Progressive's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 18.4% from $17.2B a year earlier and eps grew 24.7% from $3.73.
Where can I find Progressive's Q1 2025 SEC filings?
You can read the 8-K earnings release (0000080661-25-000020) and the 10-Q periodic report (0000080661-25-000023) directly on SEC EDGAR. The filing index links above go to sec.gov.